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Arbital Health and Quartet Health Partner to Expand Severe Mental Illness Value-Based Care Arrangements

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Partnership helps Quartet grow its Whole Health program for mental health patients. 

SAN FRANCISCO, Oct. 16, 2024 /PRNewswire/ —  Arbital Health, a technology company dedicated to advancing the healthcare industry’s shift to value-based care, today announced a continued long-term strategic collaboration with Quartet Health, an industry-leading value-based behavioral healthcare company, to drive the growth and success of its Whole Health program, along with other key strategic initiatives.

Mental health inequities contribute to significant societal costs in the U.S. One study estimates the size of this in 2024 to be $477.5 billion when factoring in avoidable medical costs, premature death, and productivity loss.1  By helping design and monitor outcomes-based contracts, Arbital aims to support Quartet’s Whole Health program that reduces costs and improves patient outcomes for those affected with serious mental illness (SMI).

“Arbital Health’s actuarial expertise, collaborative approach, and deep understanding of value-based care contracting made them well suited for Quartet’s Whole Health program,” said Dr. Michael Lipp, Quartet’s Chief Medical Officer. “They have been an excellent partner, and have allowed us to deepen our capabilities as we grow our Whole Health program.”

Quartet’s Whole Health program is a unique, whole-person care delivery solution that features a fully integrated physical and behavioral health model, providing wraparound care services for people with severe mental illness at no additional cost to patients. The program is designed to drive total cost of care (TCoC) reduction and includes developing the financial and contracting structure with clients to realize and measure these savings. Arbital’s actuarial analytical support has been invaluable in helping Quartet drive these initiatives with current and prospective clients.

“Arbital’s team is extremely collaborative and supportive,” said Dr. Lipp. “Their partnership has allowed us to analyze opportunities, support us through value-based contracting, and provide the actuarial expertise needed for the execution and expansion of this program.”

“We are excited to continue our journey with Quartet to help create a world where every person with a mental health condition will get the care they need,” said Andrew Mackenzie, Chief Science Officer at Arbital Health. “Untreated mental health conditions result in worse outcomes for patients, payers, and providers and exacerbate other disease areas. Accurately measuring the financial impact associated with appropriate treatment will allow for greater deployment of better value-based care for patients with mental health conditions.  That, in turn, will allow providers to serve these patients better and will improve payer economics.”

Arbital is a neutral third-party partner that leverages actuarial science validated platform capabilities, and specialized actuarial expertise, to simultaneously support payers, providers, point solutions, employers, and value-based care enablers throughout every stage of value-based care.

About Quartet Health
Quartet Health is a leading value-based behavioral healthcare enablement and delivery company. Our goal is to improve lives through quality, whole-person care for those with behavioral healthcare needs. Quartet is a trusted partner of health plans, health systems, and community mental health centers in 39 states across the country. We identify people in need of care and connect them directly to high-quality providers, including Quartet’s own medical group. For more information, visit Quartet Health.

Quartet Health will be attending HLTH 2024.  For more information, reach out to Quartet Vice President and General Manager, Bill Shatraw: wshatraw@quartethealth.com

About Arbital Health
Arbital Health’s vision is to become the neutral third-party adjudicator of outcomes-based contracts, unlocking and accelerating the $1 trillion shift to value-based care in the U.S. healthcare system.  We aspire to be the trusted umpire adjudicating every outcome-based contract in healthcare, whether contracts are between life sciences companies and payers, payers and providers, or employers and digital health companies.  We will make it simple to adjudicate contracts and unlock the trillion-dollar shift to value-based care.  In doing so, we will help to solve healthcare’s biggest problem.  For more information, and to explore career opportunities available, visit Arbital Health or follow on LinkedIn.

Arbital Health, co-founded by Travis May and Brian Overstreet, launched in November 2023 and recently announced its $10M Series A Financing Round and the acquisition of Santa Barbara Actuaries.

Arbital Health will be attending HLTH 2024 at Booth 4622, showcasing its platform and advisory services. For more information, visit Arbital Health HLTH conference 2024. 

CONTACTS

Media Contact for Quartet Health

Dustin Diehl
press@quartethealth.com

Media Contact for Arbital Health

Jesica Freeman
press@arbitalhealth.com

1. Deloitte. “Breaking the economic burden of mental health inequities: The cost of mental health disparities in the United States.” Deloitte Insights, 2024. https://www2.deloitte.com/us/en/insights/industry/health-care/economic-burden-mental-health-inequities.html.

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SOURCE Arbital Health

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Ampace will Showcase Innovative Energy Storage Solutions at All-Energy Australia 2024, Exploring Pathways for Energy Transition

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MELBOURNE, Australia, Oct. 17, 2024 /PRNewswire/ — The All-Energy Australia Exhibition will take place on October 23-24, 2024, in Melbourne. Ampace will debut, presenting its pioneering energy storage solutions tailored to facilitate Australia’s energy transition (Booth No. WW101).

Challenges and Opportunities in Australia’s Energy Transition

Australia’s energy landscape is experiencing significant transformations due to the pursuit of global carbon neutrality objectives. Consequently, the role of energy storage technology has never been more crucial in overcoming the hurdles associated with increasing volatility of electricity supply and demand. It is precisely in this context that Ampace is stepping into the Australian market with a mission to provide efficient and dependable storage solutions, supporting the nation’s sustainable energy aspirations.

Ampace: A Premier Provider of Green Energy Solutions

Ampace Technology Co., Ltd., as a joint venture of CATL and ATL, providing world class R&D and manufacturing of a complete chain Li ion battery products from “Cell-Battery Pack-System Integration”. With a strong foundation in micro vehicles, high-power products, and energy storage systems, Ampace is dedicated to providing the green energy solutions for users worldwide with “ultimate safety, ultimate reliability, ultimate performance, and ultimate experience”, developing battery products with high energy density, enhanced safety, and long life.

Ampace’s energy storage solutions have already proven their worth in Shenzhen, China, California, USA, and Chile, ensuring a stable power supply while delivering substantial cost savings to users. At the All-Energy exhibition, Ampace will showcase a comprehensive range of ESS products tailored to the Australian market, including commercial and industrial (C&I) solutions, residential energy storage, uninterruptible power supplies (UPS), and portable power solutions.

Empowering Energy Transition, Ampace Moves Forward

Entering the Australian market is a strategic milestone for Ampace’s global ambitions. The company remains steadfast in its user-centric approach, continuously refining product performance and service quality through technological innovation. Ampace is poised to assist Australia in achieving its energy transition and carbon neutrality goals, contributing to the sustainable evolution of the global energy sector.

At the All-Energy Australia Exhibition, Ampace eagerly anticipates collaborating with industry peers to forge pathways for energy transition and collectively propel the global energy sector towards a greener, more sustainable future.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/ampace-will-showcase-innovative-energy-storage-solutions-at-all-energy-australia-2024-exploring-pathways-for-energy-transition-302277702.html

SOURCE Ampace

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HILTI UNVEILS NEW BRAND CAMPAIGN HIGHLIGHTING THE WORK OF CONSTRUCTION PROS

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The brand celebrates the craftsmanship and kinship at the heart of the construction industry

PLANO, Texas , Oct. 16, 2024 /PRNewswire/ — Hilti North America, a global leader providing innovative tools, technology, software, and services to the commercial construction industry, is debuting a fresh brand campaign that honors the grit and know-how of unsung heroes who take on the most challenging of jobs, day in and day out.

Built on direct experience from working with construction professionals, Hilti’s “Pros Know” campaign digs into what really matters to jobsite workers. The campaign, which has rolled out across social media, radio, search and display ads, recognizes the caliber it takes to push through bad weather, slog through mud, and meet relentless deadlines in harsh conditions and a chaotic environment. The campaign speaks directly to those who endure and never back down, underlining the resilience and determination that define the industry. 

Hilti aims to generate excitement and pride in being part of an industry that shapes the world. The creative approach is based on an understanding and admiration of the construction industry, that experts recognize the pros, and pros see the best in the field. The message spotlights the bonds that are central to the industry and shows why Hilti is a trusted partner that provides certainty in even the most uncertain of conditions—so that contractors can focus on mastering the build.

The “Pros Know” campaign also emphasizes Hilti’s unique boots-on-the-ground approach. The company’s direct sales model enables its team members to work closely with customers. That real-world insight drives Hilti’s innovation and helps the company connect with pros on the jobsite—as a productivity partner who understands the demands and pace of the job. Hilti is committed to making jobsites run more smoothly, safely, and productively, backed by the reliability of its 20-year limited warranty, 2-year wear & tear coverage, and 1-day turnaround on tool repairs.

“Through this campaign, we aim to shine a light on the contributions of construction workers to society,” said Muthu Manohar, Senior Vice President of Marketing and Engineering, Hilti North America. “Hilti honors your hard work and stands by you every step of the way, providing unwavering support to help you be more productive and safer—with a unique offering that goes beyond power tools.”

Hilti’s premium offerings transcend the anchors, firestop, and power tools for which it is most well-known. The company helps to optimize and streamline construction processes from start to finish, from the office to the jobsite.

For more information, visit hilti.com/prosknow.

About Hilti
Hilti is a leading provider of high-quality tools, fastening systems and software-based solutions for the professional user. With over 4,000 highly trained Hilti account managers, engineers, and employees throughout North America, Hilti’s expertise covers the areas of powder-actuated fastening, drilling and demolition, diamond coring and cutting, measuring, firestopping, screw fastening, adhesive and mechanical anchoring, strut and hanger systems, and solutions for tool crib productivity. Adding greater efficiencies to customers’ businesses, Hilti has tools with integrated features for improved worker and jobsite safety, advanced technologies and software for smoother workflows, and services that simplify construction management—ultimately making construction better. Hilti’s North American headquarters are in Plano, Texas. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/hilti-unveils-new-brand-campaign-highlighting-the-work-of-construction-pros-302278496.html

SOURCE Hilti, Inc.

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Riot Announces Third Quarter 2024 Earnings Conference Call

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CASTLE ROCK, Colo., Oct. 16, 2024 /PRNewswire/ — Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in vertically integrated Bitcoin (“BTC”) mining, announced today that it has scheduled its third quarter 2024 earnings conference call for Wednesday, October 30, 2024, at 4:30 P.M. EST. During the call, Riot will discuss the results for the quarter ended September 30, 2024.

This conference call will be available through the audio-only webcast, please use this link here to register. Participants who choose to dial into the call in the United States or internationally, please use this link here to register. A replay of the conference call will be available after the call ends, through this link.

About Riot Platforms, Inc.

Riot’s (NASDAQ: RIOT) vision is to be the world’s leading Bitcoin-driven infrastructure platform. Our mission is to positively impact the sectors, networks, and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes.

Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The Company has Bitcoin mining operations in central Texas and Kentucky, and electrical switchgear engineering and fabrication operations in Denver, Colorado.

For more information, visit www.riotplatforms.com.

Safe Harbor

Statements in this press release that are not historical facts are forward-looking statements that reflect management’s current expectations, assumptions, and estimates of future performance and economic conditions. Such statements rely on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as “anticipates,” “believes,” “plans,” “expects,” “intends,” “will,” “potential,” “hope,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements may include, but are not limited to, statements about the benefits of acquisitions, including financial and operating results, and the Company’s plans, objectives, expectations, and intentions. Among the risks and uncertainties that could cause actual results to differ from those expressed in forward-looking statements include, but are not limited to: unaudited estimates of Bitcoin production; our future hash rate growth (EH/s); the anticipated benefits, construction schedule, and costs associated with the development of our mining facilities in Texas, Kentucky and elsewhere; our expected schedule of new miner deliveries; the impact of weather events on our operations and results; our ability to successfully deploy new miners; the variance in our mining pool rewards may negatively impact our results of Bitcoin production; megawatt (“MW”) capacity under development; we may not be able to realize the anticipated benefits from immersion cooling; the integration of acquired businesses may not be successful, or such integration may take longer or be more difficult, time-consuming or costly to accomplish than anticipated; failure to otherwise realize anticipated efficiencies and strategic and financial benefits from our acquisitions; and the impact of COVID-19 on us, our customers, or on our suppliers in connection with our estimated timelines. Detailed information regarding the factors identified by the Company’s management which they believe may cause actual results to differ materially from those expressed or implied by such forward-looking statements in this press release may be found in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including the risks, uncertainties and other factors discussed under the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as amended, and the other filings the Company makes with the SEC, copies of which may be obtained from the SEC’s website, www.sec.gov. All forward-looking statements included in this press release are made only as of the date of this press release, and the Company disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which the Company hereafter becomes aware, except as required by law. Persons reading this press release are cautioned not to place undue reliance on such forward-looking statements.

Investor Contact:
Phil McPherson
303-794-2000 ext. 110
IR@Riot.Inc

Media Contact:
Alexis Brock
303-794-2000 ext. 118
PR@Riot.Inc

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SOURCE Riot Platforms, Inc.

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